You're right for once! Starfest is currently a separate LEGAL private entity, and will be public as soon as they have an official IPO! However, it WILL STILL BE OWNED BY THE PARENT COMPANY, and therefore, be counted as ASSETS in the PARENT COMPANY, and therefore, affect the PRICE of the PARENT COMPANY.
I make my own picks with my own money and I do my own DD. Manage your own greed! Don't listen to me! I'm waaaayyyy ahead of you.
Welcome to the party, pal!
